The Nikkei Average rose by more than ¥1,300 at one point in the Tokyo stock market, recovering to the ¥65,000 range. Strong US corporate earnings and lower crude oil futures prices were reported as the backdrop from shortly after trading began.
The Nikkei Average rose by more than ¥1,300 at one point in today's Tokyo stock market, recovering to the ¥65,000 range. Buying prevailed shortly after the open and the market extended its gains.
Strong US corporate earnings were cited as a key factor and were reported to have encouraged investor buying. The temporary decline in crude oil futures prices also reportedly acted as a positive factor for the stock market.
The move has increased investor interest, and US corporate earnings trends and crude oil prices are expected to remain focal points in future trading.